2.i am using 10k-ohm on both SDA and SCK (SCL)
replace with 1k, the IIC standard suggest 680 ohms

4.Well sir i have tried to comment that "JNB SDA,$" and i have also tried to label that like "TST: JNB SDA,TST",

make a port pin that you can watch (scope preferrably, but for a true 'hang' a VOM or LED will work) go low when stuck in the loop.

instead of

JNB SDA,$

do this:
George:  jb SDA,Ralph
         clr px.y
         jmp George
Ralph:   setb px.y

Erik